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| Press Release

GoGuardian Uses Sage Intacct to Increase Operating Cash Flow by $7 Million

SAN JOSE, Calif., March 08, 2018 (GLOBE NEWSWIRE) -- Sage Intacct, the innovation and customer satisfaction leader in cloud financial management solutions, today announced that GoGuardian has used Sage Intacct, a solution available in Sage Business Cloud, to increase financial workflow efficiencies, resulting in a software ROI of more than 800 percent in the first year alone.

GoGuardian, an award-winning cloud-based software suite, provides Chromebook management solutions to help educators maintain control over their school district’s 1:1 technology programs. Serving over four million students and 120,000 educators in all 50 US states since 2014, GoGuardian helps school leaders keep the internet safe and open - empowering students to discover and grow their digital citizenship.

Why Sage Intacct?
As GoGuardian grew to serve more students and educators than ever, their finance team found they could no longer rely on their current solution and a third-party accounting firm to support their rapid growth. GoGuardian brought their accounting solution in house and selected Sage Intacct to streamline financial workflows and enhance real-time visibility into financial and operational metrics.

“We had outgrown Quickbooks and wanted a robust system that could automatically process contracts as purchase orders are received, bill customers, accept payments, post to the general ledger, do revenue recognition, and produce financial reports,” said Elliot Woo, director of accounting at GoGuardian. “After evaluating Oracle NetSuite as well, we found that Sage Intacct’s user interface was superior, along with being more affordable. We were pleased with the software’s Salesforce integration, quick implementation, and helpful training offerings.”

GoGuardian worked with RKL eSolutions to implement Sage Intacct, realizing several significant benefits, including:

Increased cash flow through operational efficiency: By utilizing Sage Intacct to automate its entire order-to-cash process, GoGuardian’s finance team eliminated a 5,000-line contracts and revenue spreadsheet, reduced their monthly close by 80 percent, and pulled in an additional seven million dollars in operating cash.

Heightened investment in scalable growth strategies: GoGuardian utilized their increase in operating resources to invest in headcount for product development, push out fundraising by eight months, and further develop a reseller channel to reach more schools.

Enhanced financial data to inform business decisions: Using the dimensions capabilities within Sage Intacct to track, tag, and add valuable business context to the company’s financial data, GoGuardian’s finance team can provide fast answers and key metrics to company management and outside investors, informing strategic growth decisions.

“Our investors are very happy and confident about our plans because we can be transparent about our financial results on a monthly basis, which results in more productive board meetings,” shared Woo. “Now, we spend more time reviewing financials and analyzing data, and we’re able to instantly answer ad hoc financial questions from anyone.”

For more information on how GoGuardian uses Sage Intacct, view the full case study here.

About Sage Intacct
Sage Intacct is the innovation and customer satisfaction leader in cloud Financial Management. With the powerful combination of Sage and Intacct, the Sage Business Cloud offers the best capabilities of both companies. Bringing cloud computing to finance and accounting, Sage Intacct’s innovative and award-winning applications are the preferred financial applications for AICPA business solutions. In use by organizations from startups to public companies, Sage Intacct is designed to improve company performance and make finance more productive. Hundreds of leading CPA firms and Value Added Resellers also offer Sage Intacct to their clients. The Sage Intacct system includes accountingcash managementpurchasingvendor managementfinancial consolidationrevenue recognitionsubscription billingcontract managementproject accountingfund accountinginventory management, and financial reporting applications, all delivered through the cloud.

Sage Intacct is based in San Jose, California and is an entity of Sage, the market and technology leader for integrated accounting, payroll and payment systems, supporting the ambition of entrepreneurs and business builders and a FTSE 100 business. For more information on Sage Intacct, please visit www.sageintacct.com or call 877-437-7765. Connect with Sage Intacct on LinkedInFacebookTwitterInstagram, and YouTube.

About Sage
Sage (FTSE:SGE) is the global market leader for technology that helps businesses of all sizes manage everything from money to people – whether they’re a start-up, scale-up or enterprise. We do this through Sage Business Cloud - the one and only business management solution that customers will ever need, comprising Accounting, Financials, Enterprise Management, People & Payroll and Payments & Banking.  

Our mission is to free business builders from the burden of admin, so they can spend more time doing what they love – and we do that every day for three million customers across 23 countries, through our 13000 colleagues and a network of accountants and partners. We are committed to doing business the right way, and giving back to our communities through Sage Foundation.

Find out more at www.sage.com/en-us.

Sage Intacct, Intacct and the Sage Intacct and Intacct logos are trademarks or registered trademarks of Sage Intacct, Inc. and/or its affiliates. Other company and product names mentioned herein may be trademarks of their respective owners.

Press Contact:
Peter Olson
Sage Intacct
408-878-0951
polson@intacct.com
https://twitter.com/PeterOlsonPR

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